August 31, 2011
Furukawa Electric has commenced the preparation work for integrating its three wholly owned subsidiaries by around April 2013, namely Asahi Electric Works Ltd. (hereinafter ac米兰中文官方网站;Asahi Electricac米兰中文官方网站;), Inoue Manufacturing Co., Ltd. (hereinafter ac米兰中文官方网站;Inoue Manufacturingac米兰中文官方网站;), and Furukawa Power Components Inc. (hereinafter ac米兰中文官方网站;Furukawa PCac米兰中文官方网站;).
This is part of the measures geared toward the global expansion of the transmission infrastructure business mentioned in the medium-term management plan New Frontier 2012. The new company upholds the corporate philosophy of being a company that offers electric transmission and distribution system solutions, including those for new energy, thereby contributing to global socioeconomic development. ac米兰中文官方网站 around 30 billion yen are targeted for 2016.
1. Background and objectives
Since 2005, our Company has restructured VISCAS Corporation in relation to the super high-pressure cable business and Furukawa Electric Industrial Cable Co., Ltd. in relation to the industrial electric wire business for the structural reform of the energy segment. In the area of the electric component business, our Company made Furukawa PC a wholly owned subsidiary in 2007, with Inoue Manufacturing following in 2008, and ac米兰中文官方网站 in 2010.
In relation to the electric energy businesses, technological development is foreseen to progress in the domestic market for advanced power transmission and distribution networks, of which a typical example is Smart Grid, for solar power, wind power ac米兰中文官方网站 natural energy, and for storage cells ac米兰中文官方网站 electrical energy storage systems. The markets related to these products are expected to expand. Looking overseas, demand for electric infrastructure development is likely to increase in China ac米兰中文官方网站 Asian countries, Brazil and Russia, which have witnessed rapid economic growth.
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The integration aims to consolidate a highly profitable business structure by advancing the selection and concentration of the resources of the three companies, restructuring the domestic and overseas manufacturing bases, enhancing the efficiency of investments and resource usage, ac米兰中文官方网站 measures geared toward the stabilization of our business foundations. A further target is the creation of new products that respond to the increasingly diverse and sophisticated needs of our customers.
Outline of the three electric component companies
| Company name | ac米兰中文官方网站 | Inoue Manufacturing | ac米兰中文官方网站 |
|---|---|---|---|
| Scope of business | Manufacture and ac米兰中文官方网站 various products for power transmission lines, substations, distribution lines, underground lines, trolley lines, and measuring instruments | Manufacture and ac米兰中文官方网站 electric components, processed copper and aluminum products, and electric welding machines | Manufacture and ac米兰中文官方网站 wire connecting components and tools |
| Heaac米兰中文官方网站fice | Aoba-ku, Yokohama-shi, ac米兰中文官方网站 | Nishi-ku, Yokohama-shi, ac米兰中文官方网站 | Yokosuka-shi, ac米兰中文官方网站 |
| Representative | Toshio Nakata | Michio Okuno | Shigeru Matsumoto |
| Capital | 300 million yen | 97.5 million yen | 50 million yen |
| Sales in 2010 | 7.4 billion yen | 6.7 billion yen | 2.8 billion yen |
| Number of employees | 255 | 218 | 74 |
| ac米兰中文官方网站 | Nagai, Nikko, Kumamoto, and Shanghai (China)*1 | Yokohama, Ebina, Tianjin (China)*2, and Thailand*3 | Yokosuka |
*1: Shanghai-ac米兰中文官方网站 Works Ltd.*2: Tianjin ac米兰中文官方网站 Component Co., Ltd.*3: Thai ac米兰中文官方网站
